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life assurance mentioned in the enclosure to your circularof the 28th ult., and also rates of premium for an ordinarywhole term of life policy, where the premium is reducedduring the first five years, while no debt whatever isincurred upon the policy.With regard to the special advantages which this Company

offers to medical practitioners who wish to assure their

lives, we only offer those which we are prepared to grantto the general public. -

PELICAN LIFE INSURANCE COMPANY,70, Lombard-street, London, E. C.,

Was founded in 1797, and is thus the oldest ProprietaryCompany in the kingdom established for the purpose oftransacting life insurance business only.The Company offers most absolute security to its assured,

as the shareholders’ liability to make good the fulfilment ofevery contract is practically unlimited. Beyond this theCompany offers the still more solid advantage of havingvery large funds in hand in proportion to the current amountinsured, the funds as at 31st December, 1889, being nearly43 per cent. of the total sums insured and bonuses.The rates of premium will be found to be moderate when

compared with those charged by other Companies. At thesame time large bonus additions have been made to policies ;and as the valuations have been most stringent, the last wasbased on the Institute of Actuaries’ Hm Table, with 3 percent. interest, these may be expected to be maintained.The next valuation falls to be made as at 31st Decemberthis year, and all participating policies then current willrank for a share in the profits.The Pelican" is prepared to issue policies payable at

death, either with or without profits, the premiums to bepayable either during the whole of life or for a limitednumber of years only, so that in old age there are no morepremiums to pay, although (in the case of participatingpolicies) the assured continue to share in the profits of theCompany. The Company also issues endowment insurances,with and without profits. In the former case the bonus isdistributed on the tontine principle, and large contingentadditious may be anticipated.The Company is also prepared to accept a reduced

premium for the first five years (without any debt attachingto the policy) to meet the case of insurers whose incomesare progressive.The Company’s conditions are in all cases most liberal.

To facilitate the insurance of the lives of medical men theyare prepared to allow a commission of 10 per cent. on Iithe first premium and 5 per cent. on renewals, where the proposal is made, and premiums are paid direct to the HeadOffice, and not through an agent.It may be added that the Company is prepared to entertain

loans on personal security, in sums of i300 and upwards, inconnexion with life insurance. Such loans might often behelpful to a medical man in the early part of his professionalcareer.

Forms of proposal and all further information may beobtained from the Secretary.

THE POSITIVE GOVERNMENT SECURITY LIFEASSURANCE COMPANY, LIMITED,

25, Abchurch-lane, E.C. Founded in 1870.Chairman, Hon. E. R. Bourke. Assets, Dec. 31st, 1889,

£449,895. Claims and surrenders paid up to that date,£333,466. Bonuses added to policies, £51,796.Leaaing features.—1. Investment of 80 per cent. of all

premiums received in names of trustees (at present theRight Hon. Sir Richard Couch, late Chief Justice of Bengal ;and William Macandrew, Esq., J.P.), forming a life assur-ance fund which cannot be touched by the Company or itscreditors ; in addition, the policy holders have the pro-tection of a guarantee fund and of the share holders’ capital,thus forming a complete security. 2. The positive notesystem, by which, with every premium under endowmentand limited payment policies, a "positive note" is issued

for a proportionate amount of the policy, payable to beareron sight and proof of death of the assured. 3. Fixed andliberal surrender values. The minimum values amountingto 40 per cent. of the premiums paid at any time after twoyears’ premiums have been paid; while, if the assured

prefer it, he can obtain a loan of this amount at 5 per cent.interest. 4. Liberal conditions as regards residenceabroad &c., free policies being given where circumstanceswarrant their being granted. 5. Admission of age beforeissue of policies. 6. Immediate payment of claims on

proof of title.Every class of life assurance policy is granted-whole-

term policies, limited premiums, endowment assurances,

survivorship assurances, joint-life assurances, temporaryassurances, also immediate and deferred annuities. Policies

(except temporary and survivorship) can be either with orwithout profits. The next division of prcfits will be made ason Dec. 31st, 1891. The rate of bonus for 1886 was at therate of 30s. per 9100 assured for each year in force duringthe past quinquennium.

Illustration of positive system : If a policy is for 91000by twenty premiums each positive note is for £50, beingone-twentieth part of £1000, being thus itself a fully paid-up policy payable to bearer, and entitled to rank for bonuswhether future premiums are continued or not.

PRUDENTIAL ASSURANCE COMPANY, LIMITED,Holborn Bars, London.

Our low rate of expenditure, taken in conjunction withthe very large amount of business transacted, ensures topolicy holders a remarkably good rate of bonus in the future.

I may state that we receive annually reports from all partsof the country, from 3500 medical men, amongst whom isdistributed about £50,000 as fees during the year.

QUEEN INSURANCE COMPANY,Liverpool.

In response to your circular letter dated Nov. 5th, I begto inform you that we have not offered special terms tomedical men, and I do not think we could do so, as theevidence of statistics shows that in consequence of thearduous nature of their profession their mortality experi-ence is in excess of the average. We of course appreciatehighly the valuable services rendered to assurance offices bycareful examiners, but these are remunerated on what isgenerally allowed to be a fair scale.

This Company’s " New Endowment Scheme " is especiallysuitable for the assurance of professional men. In additionto the usual advantage of drawing the sum assured andbonuses on reaching a fixed age, the assured then has thevaluable option of converting the policy into a whole-lifeone for a largely increased amount. This is granted withoutmedical examination. Other features of importance are thetotal absence of restrictive conditions and the provisionsthat prevent the policy being forfeited under any circum-stances.

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SAVINGS BANK DEPARTMENT,General Post-office, London.

With reference to the printed circular, dated Oct. 28th,on the subject of "Life Assurance and the Medical Pro-fession," I forward herewith a copy of the principal rulesrelating to Post-office Savings Bank life insurance, with acopy of the tables of premiums.Medical men can insure their lives through the Post-office

in the following ways :—

a. Sum assured payable at death. Premium payable inone sum, or annually throughout life, or annually till theage of sixty, or death, if death occurs before sixty isreached.

b. Sum assured payable at sixty years of age, or soonerin event of death before that age is reached. Premiumspayable annually or in one sum. ,

c. Endowment assurance. Sum assured payable after